ComEd Launches New Delivery Time-of-Day Rate to Help Customers Manage Energy Costs
Customers pay a reduced delivery charge on their ComEd bill when they adjust their electricity usage away from peak-usage periods
CHICAGO–(BUSINESS WIRE)–
ComEd has introduced a new option for residential customers designed to help them better manage energy use and lower costs. ComEd’s Delivery Time-of-Day (DTOD) pricing rate enables households to reduce expenses by shifting their energy consumption to periods when electricity rates are lower and demand is reduced. Additionally, this program provides electric vehicle (EV) owners with the potential to earn bill credits.
DTOD, developed in accordance with the Illinois Climate and Equitable Jobs Act (CEJA), introduces a rate structure where electricity delivery charges change based on the time of day power is used. In contrast, standard electric rates charge customers the same price per kilowatt-hour at any time. Additionally, DTOD customers who enroll their EVs can receive bill credits of $2 per vehicle each month for up to 24 months, with a limit of two vehicles per household.
ComEd’s DTOD rate applies to Delivery costs, which represent one of three primary components on a ComEd bill, alongside Supply and Taxes and Other Fees. Electricity delivery charges account for approximately 30% of a residential customer’s total monthly bill. Later this year ComEd plans to implement a unified time-of-day rate that applies to both Delivery and Supply services, the latter of which has been partly impacted by supply-demand imbalances that influence nearly half of energy bills and are passed on to customers without profit from ComEd.
“ComEd is doing all we can to reduce costs for families,” said Gil Quiniones, president and CEO of ComEd. “Delivery Time-of-Day pricing is our latest effort to prioritize affordability and security on behalf of the customers in the communities we are privileged to serve.”
DTOD pricing periods
DTOD enrollees pay less for delivery during off-peak hours, like overnight, and more during peak times, such as mornings and afternoons.
|
Morning |
6 a.m. to 1 p.m. |
|
Mid-Day Peak |
1 p.m. to 7 p.m. |
|
Evening |
7 p.m. to 9 p.m. |
|
Overnight |
9 p.m. to 6 a.m. |
A customer’s actual rates for each period will be determined by their delivery class, which is based on their home and heating type. Customers can view their specific rate information by logging into their online account at My Account and viewing the Rates Comparison tool. Customers on ComEd’s traditional electricity rate are expected to pay an energy delivery charge of approximately 5.9 cents per kilowatt-hour (kWh) in 2026.
“Affordability is at the heart of Delivery Time-of-Day pricing. That’s why we supported ComEd’s new rate and why I even signed up myself on day one,” said Will Kenworthy, Vote Solar’s Midwest Senior Regulatory Director. “The evidence consistently shows that most customers, especially low-income customers, save money just by enrolling, and those who make small changes can save even more. This kind of pricing helps move us toward a more equitable and affordable energy system for all.”
ComEd’s DTOD rate aims to motivate customers to use electricity during off-peak hours, helping them save money, reduce the demand for new power plants and decrease pollution from fossil fuel energy sources. With the DTOD rate, ComEd expects customers to save about $2.31 per month, or roughly 5% of the average electricity delivery cost.
ComEd’s DTOD rate is separate from its Hourly Pricing program. With Hourly Pricing, customers pay a Supply price that varies every hour. Those who reduce their electricity use during periods of high demand and higher prices might lower their average monthly costs. In contrast, the DTOD rate offers set prices during four fixed time periods each day, providing participants with a clearer idea of what they’ll be charged throughout the day.
There is no cost to enroll in or cancel ComEd’s DTOD. Requests may take two to three billing cycles to take effect. Customers receiving the $2 monthly electric vehicle credit will forfeit any remaining credits if they cancel DTOD participation.
For information on ComEd’s Delivery Time-of-Day pricing rate, including how it pairs with supply rates, electric vehicles and net metering, visit ComEd.com/DeliveryPricing.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 company and one of the nation’s largest utility companies, serving 10.9 million electricity and natural gas customers. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Instagram, LinkedIn, X, and YouTube.
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ComEd Media Relations
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KEYWORDS: Illinois United States North America
INDUSTRY KEYWORDS: Utilities Energy
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